All Papers

Successful Entrepreneurial Process as contributor towards Business Performance in Banking: Moderating role of Entrepreneurship Passion for Inventing

Research Article

In last decade, banking landscape has faced different constraints and witnessed significant changes in Pakistan. That is the reason, the economy of Pakistan and banking sector has faced several challenges. Pakistani banking sector is lacking in entrepreneurial activities, in reflection, banking industry is suffering from low performance. To resolve this issue of lower level of entrepreneurial activities, the current study [...]

By Mohsin Altaf, Shahid Nadeem, Waseem Ul Hameed, Arfan Shahzad Volume 13, Issue 1 2019 Keywords: Management support, Work discretion, Entrepreneurial education, Previous entrepreneurial experience, Time availability, Entrepreneurship passion for inventing. Read more

Credit Risk, Capital, and Inefficiency: An Empirical Analysis of SAARC Banking Sector

Research Article

The main purpose of this study is to investigate the relationship between credit risk, capital, and inefficiency of South Asian Association for regional Cooperation (SAARC) banks. The study used seemingly unrelated regressions (SUR) approach on panel data for the period 2010-2016. The findings suggest that highly capitalized banks tend to increase inefficiency and credit risk faced by SAARC banking sector. [...]

By Shumaila Zeb, Zahid Ali Volume 13, Issue 1 2019 Keywords: Bank capital, Efficiency, credit risk, Net lending; SAARC banks Read more

An Empirical Analysis of the Buyer Perspective of Gaining Competitive Advantage through Supplier Development

Research Article

This study analyzes how buyer firm supplier development efforts can help achieve buyer competitive advantage. The main goal of this analysis is to understand how various supplier development efforts could impact the operational performance of a buyer. The study used the survey responses from consumer electronic businesses in Karachi. The study developed a model and used these responses to test [...]

By Amir Manzoor, Naveed R Khan, Khurram Adeel Volume 13, Issue 1 2019 Keywords: Supplier development, Market Responsiveness, Operational effectiveness, Competitive advantage, Joint Action, Asset Specificity, Performance Expectations, Trust Read more

How does financial development impact trade openness? Evidence from export performance of Pakistan

Research Article

Current Study examines the relationship between financial developments with export performance in Pakistan. This objective was attained by employing yearly time series method and statistics have been used from 1972 to 2014. This study develops financial development index by using principal component analysis. In addition to this, the effect of different ways of financial development has been analyzed, for instance [...]

By Muhammad Asif Shamim, Syed Tehseen Jawaid, Farooq-E-Azam Cheema Volume 13, Issue 1 2019 Keywords: Export, Financial Development Index, Pakistan. Read more

The Determinants of Bank Stock Prices: A Panel Approach

Research Article

The current study used panel data to empirically analyze the determinants of stock prices and for that monthly closing stock prices of eight main banks of Pakistan were taken for the period from January 2005 till December 2013. Various unit root and cointegration techniques were employed for analysis besides Granger Causality. The results indicated increase in share prices in response [...]

By Sajid Ali, Taqadus Bashir, Tanveer Ahmed, Adeeba Ishaq, Syed Jawad Hussain Shahzad Volume 12, Issue 2 2018 Keywords: Interest rate, nominal exchange rate, cointegration, risk management, banks Read more

The Relationship between Implied Cost of Equity and Corporate Life Cycle Stages

Research Article

This study develops and tests the hypothesis that the implied cost of equity declines as a firm passes through the growth, maturity, and stagnant stages of its life. We use the methodology of Anthony and Ramesh (1992) for identifying corporate life cycle stages. Three different models are used to calculate the implied cost of equity: the Easton (2004) model, the [...]

By Attaullah Shah, Khyber, Muhammad Afraz Volume 12, Issue 2 2018 Keywords: Corporate Life Cycle, Implied Cost of Equity, MPEG, Gordon, Ohlson and Juettner-Nauroth, Pakistan Read more

Forecasting Uncertainty and Risk of Financial Development in Pakistan: Fan Chart Approach

Research Article

This study is conducted to forecast the components of financial development of Pakistan for the period of 2016 to 2025. These components include M2, DCP, DCPB, and MC. Originally, 36 years' time series data taken from 1980 to 2015. The present study is very much different in that it uses a newly developed technique that is Fan chart. It is [...]

By Muhammad Nadeem Khan Volume 12, Issue 2 2018 Keywords: Forecasting, uncertainty, risk, financial development, fan chart Read more

Shariah governance and Islamic banks performance: Evidence from South Asia

Research Article

Shariah governance provide strike conformity with Islamic businesses ethics and the expectation of its customers which aim at improving firms performance and societal welfare to eliminate poverty in the global setting. The purpose of this study is to investigate the impact of Shariah governance on Islamic banks (IBs) performance of 31 IBs of 4 countries of South Asia for the [...]

By Imran Khan, Syeda Nitasha Zahid, Tahir Akhtar Volume 12, Issue 2 2018 Keywords: Shariah governance, financial performance, Islamic banks, South Asia Read more

Mobile Advertising Technology Acceptance Model (M-TAM): An Extension of TAM in Mobile Marketing Context

Research Article

Mobile advertising technology has revolutionized the way companies interact with their customers. This has offered both marketers and consumers the advantages of convenience, flexibility, and ubiquity etc. Irrespective of the advantages of mobile advertising technology, it is not easy for marketers and researchers to form adoptable mobile advertising technology for consumers without being in a position to precisely foresee consumers [...]

By Mirza A. Haq, Arsalan Mujahid Ghouri Volume 12, Issue 2 2018 Keywords: Emotional value, attitude, adoption intention, TAM model. Read more

Role of Customer Service Skills on Customer Satisfaction and Its Effects on Customer Loyalty in Pakistan Banking Industry

Research Article

Companies offer different products and services to differentiate themselves from their competitor. In an organizations, employees abilities and skills to deal with the customers play an important role in succeeding businesses. They offer superior services to their customers that leads to satisfaction. It has become an essential marketing strategy nowadays. Therefore, in this study we try to investigate the role [...]

By Muhammad Ali, Khalid M. Iraqi, Amna Sohail Rawat, Shoaib Mohammad Volume 12, Issue 2 2018 Keywords: Customer service skills, customer satisfaction and customer loyalty. Read more

Cross-Cultural Evaluation of the Mediation of Attitudes in Relationship of Cultural Values and Behavioral Reactions toward Web Based Advertising

Research Article

The current study examines the associations between the individual's cultural values about web-based advertising (IWA), attitudes toward web-based advertising (AWA) and individual's behavioral reactions (BR) in three dissimilar cultures Pakistan, Malaysia and the United States of America. The study is based on the ve individual cultural values to evaluate the understanding of the cultural perception of the web-based advertising users [...]

By Syed Hassan Raza, Amna Hasnain, Sanan Waheed Khan Volume 12, Issue 1 2018 Keywords: Individual's cultural values about web based advertising (IWA), Attitudes toward web-based advertising (AWA), Individual's behavioral reactions (BR), Pakistan, United States, Malaysia. Read more

Using Eisenhardt's Method to Study Ethnic Entrepreneurial Communities

Research Article

The purpose of this paper is to explain the Eisenhardt case based method of theory development using an example of a study on ethnic entrepreneurial communities in Karachi. The paper servers' two purposes: (a) It serves as a guide, for the future researchers studying the entrepreneurial activity in Pakistani context, to establish the internal validity of the methodology which can [...]

By Omar Javaid, Irfan Hyder Volume 12, Issue 1 2018 Keywords: Case study, theory building, constructivism, entrepreneurial ethnic communities. Read more

Single Stock Futures and their Impact on Risk Characteristics of the Underlying Stocks: A Dynamic CAPM Approach

Research Article

The concern regarding destabilizing ability of trading in futures markets in terms of increase in risk is still unresolved in developed and developing economies. This discussion also prevailed in Pakistan after the Global Financial Crisis (GFC). To investigates this concern with respect to Single Stock Futures (SSFs) and their impact on the underlying stocks, this study made use of data [...]

By Imran Riaz Malik, Attaullah Shah Volume 12, Issue 1 2018 Keywords: Systematic risk, un-systematic risk, SSFs, capital asset pricing model, GJR- GARCH, leptokurtic Read more

Impact of Brand Equity Drivers on Purchase Intention: A Moderating Effect of Entrepreneurial Marketing

Research Article

The study aimed to analyse the impact of brand image, brand perception, brand preference and brand loyalty on consumer purchase intention in the FMCG industry of Pakistan. It also used entrepreneurial marketing as moderator between the association of brand loyalty, brand perception, brand image and brand preference with purchase intention. The study has used quantitative explanatory research design. In this [...]

By Muhammad Raza, Reema Frooghi, Shamsul Huda binti Rani, Muhammad Asif Qureshi Volume 12, Issue 1 2018 Keywords: Brand Image, brand loyalty, brand perception, brand preference, consumers' purchase intention, entrepreneurial marketing Read more

Environmental Concern as an Underlying Mechanism between Environmental Beliefs and Green Purchase Intentions

Research Article

Building on the contentions of theory of reasoned action, current study hypothesized and tested the direct impact of environmental beliefs on green purchase intentions. In addition, the mediating role of environmental concern between environmental beliefs and green purchase intentions is also explored. Quantitative research design with survey method was adopted to collect data from respondents. Structural Equation Modeling (SEM) technique [...]

By Israr Ahmad, Fauzia Syed, Saima Naseer, Ghulam Rasool Volume 12, Issue 1 2018 Keywords: Environmental beliefs, environmental concern, green purchase intentions Read more

Terrorism and Stock Market Nexus: New Evidence from Wavelet Analysis

Research Article

This study examines the impact of terrorism on Karachi stock market returns. Daily data of KSE100 index from 1st July 1999 to 31st December 2015 is used for the empirical analysis. The objective of this paper is to examine the change in systematic risk in response to the terrorist activities. Multiscale data derived from Maximal Overlap Discrete Wavelet Transformation (MODWT) [...]

By Imtiaz Arif Volume 11, Issue 2 2017 Keywords: Terrorism, KSE100 index, wavelet, decomposition, MODWT Read more

Heterogeneous Panel Analysis among Equity Returns for Portfolio Diversification: Evidence from Emerging and Frontier Asian Equity Markets

Research Article

Our study investigates the linkage between frontier and emerging equity markets of Asia from January 2000 to December 2016. To deal with heterogeneous panels, we applied pooled mean group framework proposed by Pesaran, Shin, and Smith (2001). Our findings reveal both short and long run relationships among sampled markets thereby supporting the feedback hypothesis. The magnitude of relationship is strong [...]

By Mobeen Ur Rehman, Syed Jawad Hussain Shahzad Volume 11, Issue 2 2017 Keywords: Heterogeneous panels, emerging and frontier markets, equity returns, co-integration, pooled mean analysis Read more

The Value-Growth Indicators and Value Premium: Evidence from Pakistan Stock Exchange

Research Article

This paper aims to study the ability of the six value-growth indicators (i.e. gross profit to total assets, earning to price, book to market, dividend to price, cashflow to price and sales to price ratio) to generate value premium in Pakistan Stock Exchange. This paper uses the methodology of Dimson, Nagel, and Quigley (2003) to construct Fama and French [...]

By Tanveer Ahmad, Syed Muhammad Amir Shah Volume 11, Issue 2 2017 Keywords: Value premium, value-growth effect, book to market effect. Read more

Human Capital-Economic Growth Relationship: Finding the Most Relevant Level of Education in Pakistan

Research Article

The study employed annual dataset for the period 1981-2014 to find the most relevant level of education in terms of its contribution to the economic growth of Pakistan. The study used three models assuming gross enrolment rates at primary, secondary and tertiary level as human capital and found secondary education as the most relevant level of education for economic growth. [...]

By Faisal Sultan Qadri, Abdul Waheed Volume 11, Issue 2 2017 Keywords: Human Capital, Economic Growth, Education Read more

Hedging Effectiveness of Commodities in the Stock Portfolio: Empirical Evidence from Pakistan Stock Exchange using Multivariate GARCH Models

Research Article

This study explores the hedging effectiveness of oil and gold assets in Pakistani stock market. We incorporate three multivariate GARCH models for hedging potential of oil and gold assets in stock market of Pakistan. The DCC model is found fitted among others for empirical analysis. The empirical results indicate that the asymmetric effect is positive (negative) providing that negative shocks [...]

By Waqas Hanif, Muhammad Khan Volume 11, Issue 2 2017 Keywords: Pakistan stock exchange, commodity market, multivariate GARCH models, hedging effectiveness Read more